COLUMBUS — Ohio entrepreneurs have been busy during the pandemic.
According to figures released by the Ohio Secretary of State’s Business Services Division, Ohioans created a new record of 171,073 new business filings in 2020, surpassing 2019’s record of 130,621.
The December 2020 filings are a 51% increase from the same time a year ago. Overall, total new business filings were 31% higher in 2020 than in 2019.
“When this pandemic began, a lot of us thought we were going to see a drop off in new business formation — who would be so courageous — who would be so bold as to go out there and start a small business amidst all of this uncertainty? Well, the answer is Ohio entrepreneurs are. They’ve been doing what they do best — finding ways to creatively serve a need in the free market, and we’ve been happy to be ready to help them get their filing done here at the Secretary of State’s office,” said Frank LaRose, Ohio Secretary of State.
Starting a new business might have been a Plan B for those who lost work in the pandemic.
“People have been facing adversity creatively by starting a new business if you were laid off from your factory job or if you weren’t working the number of hours that you were accustomed to with your service industry job,” LaRose said. “A lot of Ohioans have responded to that by going out and starting their new business. Maybe they decided this was that time to embrace that dream that they’ve had for many years to have that work-from-home business, to have that consulting business that they wanted to have, and so those are the kind of things that we were seeing as people came to the Ohio Secretary of State’s office here at the Client Service Center or on our website to get their new business started,” LaRose said.
Reach Sam Shriver at 567-242-0409.